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11 Jun, 6 tweets, 1 min read
Today: IIP surges in April, new Delta variant in UK more infectious, & more
The market opened in the green and climbed through the day.

Auto, IT, metal, and pharma stocks performing well today.
The British government said that the Delta variant that emerged from India is 60% more transmissible within households than the Alpha variant in January.
India's index of industrial production (IIP) was up 134.4% in April 2021 from the same month last year.

IIP rose to 126.6 in April from 54.0 last year.
Canara Bank has said that IFSC codes of the former Syndicate Bank branches will change from July 1.

Customers have to use the new CANARA IFSC for receiving funds through NEFT/RTGS/IMPS.
This is a part of our Daily Groww Digest series. There's a lot more than just this in this Digest. Check your email if you're signed up on Groww. You can even follow here: groww.in/digest.

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More from @_groww

13 Jun
In the 1950s, the Korean War was in full swing.

The North Koreans had taken over South Korea.

The USA wanted to help the South Koreans fight back.

This was just after the Second World War.
The USA was still in control of Japan and they urged the Japanese to fulfill an urgent requirement of theirs. They needed small off-road SUVs.

Toyota stepped in and made a vehicle that looked oddly like the Jeep used by the American troops in World War.
These vehicles were absolutely dependable. They loved it.

Once the war over, Toyota realized they had a good product on their hands. They started selling these cars to civilians too.
Read 25 tweets
10 Jun
Today: ICRA projects India GDP at 8.5%, cases drop in India, & more
#GrowwDigest
The market opened in the green and climbed through the day. Image
ICRA Ratings, a credit rating agency, expects India's GDP at 8.5% for the financial year 2021-22.

This is due to a continuous fall in active cases and the opening up of lockdowns in several parts.
Read 5 tweets
8 Jun
Today: Franklin penalized, major websites down, & more

#GrowwDigest #markets #investing
The markets closed slightly below today with banking, financial, and metal stocks underperforming.
Sebi has barred the Franklin Templeton AMC from launching new debt funds for the next 2 years.

According to Sebi, serious violations were conducted by the management of the company.
Read 5 tweets
7 Jun
Today: PM Modi talks about free vaccination, NCLT Approves Piramal's Resolution Plan, New ITR Filing Website & more
The market closed up today with Nifty touching an all-time high.

Auto sector stocks performed well today. Financials, pharma, metals, and IT sectors performed poorly today while the mid-cap and small-cap stocks did well.
PM Modi in today’s address stated that 75% of the vaccine capacity will be procured by the Central Govt and 25% for private hospitals to procure.

All vaccines will be provided free of cost to all states from June 21.
Read 6 tweets
6 Jun
You’d have heard of these names - Walmart or Costco.

In the US, they sell everything you could need on a daily basis.

They’re masters at what they do.

They have massive warehouse-sized centers where people go shopping.
Even their shopping carts are much bigger than the ones we see in India.

Their true strength lies in their supply chain management.

Orders are placed in advance by predicting how much their customers will buy.
Some things are seasonal (Christmas trees).
Some things are evergreen (milk).
Some things are durable (cutlery).
Some things are perishable (spinach).
Read 25 tweets
10 May
Today: Ultratech Cement Q4, Covaxin being directly supplied to states, & more
The markets gained today for the 4th straight day with stocks from the metal and pharma sectors performing well.
Q4 Results Corner: Ultratech Cement

Net profit = Rs 1,775.23 crores - 45% fall from the same quarter last year.
Dividend of Rs. 37 per share.
Share price fell 1.22% - Rs 6,403.1 per share.
Read 6 tweets

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